The Government approved the modernization of Cugir Mechanical Plant, the investment amounting to about 410 million RON, and the project is set to run for three years, the spokesman of the Executive, Mihai Constantin, announced."After the recent approval of the Defence Industry Strategy and the investment location in "Victoria" gunpowder factory announced last weeks, a new project has received today the Government's approval in this field of arms manufacturing, namely the modernisation of the Cugir Mechanical Plant in order to increase the production capacity and diversify the range of NATO ammunition," Constantin said.He said that the investment is worth about 410 million RON and will be financed from the state budget, with the project duration estimated at 36 months, three years."The reorientation towards a modernised production line at the Cugir Mechanical Plant will lead to increased operational efficiency, quality standardization, and will bring benefits to the safety and flexibility of production there. Additionally, for context, the defence industry sector is a strategically important segment of our economy and is meant to support the country's defence preparedness effort, so as to meet its own needs and honour the obligations assumed by our country as a NATO member," Mihai Constantin added.
Investment: 125 million euros to establish STIHL’s European Competence Center for the production of battery packs and battery-powered tools Scale: 47,000 square meters facility on a 147,000 square meters site — capacity of up to 1.8 million battery packs and 1.7 million tools by 2028 Employment: Approximately 700 jobs to be created by 2028 Network: Romania […]
A report published on Wednesday, October 15, by the Council of Europe’s Committee for the Prevention of Torture (or CPT) urges Romanian authorities to address serious shortcomings in the treatment and conditions of detention of patients in forensic psychiatric hospitals. The deficiencies in the Romanian system were identified by the Committee representatives during a visit […]
The state-owned Electrica (BVB: EL), one of the main players in Romania’s energy sector, completed the Satu Mare 2 photovoltaic park, a strategic project that marks an important step in diversifying the production portfolio. Located near the commune of Botiz, Satu Mare County, the park has an installed capacity of 27.056 MW and represents an […]
More than 100 items, ranging from frescoes and paintings to sculptures, photographs, and other rare artifacts from Italian museums, will go on display in Timișoara for an exhibition looking at the city of Pompeii. Titled The Fragility of the Eternal. From Pompeii to the Grand Tour to Today, the exhibition will be open from November […]
Robotics startup Dexory, founded in London by Romanians Andrei Dănescu, Adrian Negoiţă, and Oana Jinga, has secured new Series C funding of USD 165 million, according to an announcement made on LinkedIn and quoted by Ziarul Financiar. The company has developed an autonomous robot, the tallest in the world, reaching 16 meters, and a platform designed […]
NEPI Rockcastle, Central and Eastern Europe’s largest owner and operator of shopping centers, has inaugurated its first photovoltaic park in Chișineu-Criș, Arad county, in western Romania. The investment is part of its green energy programme, which includes a EUR 110 million plan for photovoltaic projects across Central and Eastern Europe. According to the company, these […]
